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Senate retirement committee advances and studies multiple retirement bills; public-safety pension and TRS items heard
Summary
The committee advanced an actuarial study for a bill to allow some public school workers to join TRS, voted to send several other bills to actuarial study, and held a hearing on raising the Peace Officers' Annuity Benefit Fund through a $1 911 fee increase.
The Georgia Senate Retirement Committee moved multiple retirement-related measures during its meeting. The committee voted to advance a request for an actuarial study on a bill to allow some public school employees to participate in the Teachers Retirement System (TRS), directed actuarial study or committee review for several other bills, and held a hearing on a proposal to increase the Peace Officers' Annuity Benefit (POAB) fund via a $1 increase to the 911 mobile phone fee.
Senate Bill 209: an actuarial study requested
Senator Goodman presented Senate Bill 209, which would allow some public school employees — such as certain lunchroom staff and custodians who meet hours requirements — the option to participate in TRS. The bill would be optional for employees (not mandatory) and proponents framed it as a recruitment and retention measure. The sponsor asked the committee to request an actuarial study; Mr. Buster Evans spoke as a resource for detailed…
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